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Rethinking ‘No Comment’ For Clients Facing Public Crises

by usoftax_admin | Feb 25, 2025 | Tax News

“No comment” is no longer a cost-free or even a viable public communications strategy for companies in crisis, and counsel must tailor their guidance based on a variety of competing factors to help clients emerge successfully, says Robert Bowers at Moore & Van...

Texas Tax Pros Criticize Proposal To Advise IRS Disclosures

by usoftax_admin | Feb 25, 2025 | Tax News

Texas accountants objected to a proposed federal regulation that would require them to advise clients who have broken tax laws to make disclosures to the IRS, saying in a letter to the agency released Tuesday that it would likely create a conflict when clients have...

Manufacturers Ask To Suspend Biden-Era Reporting Rules

by usoftax_admin | Feb 25, 2025 | Tax News

Tax regulations governing partnerships and corporations passed by the outgoing Biden administration should be suspended — or outright retracted — because they conflict with the Trump administration’s priorities, the National Association of Manufacturers said in...

10th Circ. Asked To Rethink Denying Atty’s Racing Deductions

by usoftax_admin | Feb 25, 2025 | Tax News

A Denver personal injury lawyer asked the Tenth Circuit to reconsider its decision barring his $300,000 tax deduction for car-racing costs as professional advertising, saying the court deprived him of due process in dismissing his argument that the IRS wrongly denied...

DC Judge Wary Of Constutionality Of Musk’s DOGE

by usoftax_admin | Feb 24, 2025 | Tax News

A D.C. federal judge on Monday questioned the constitutionality of Elon Musk’s Department of Government Efficiency while expressing skepticism that groups challenging the department’s access to federal systems housing Americans’ sensitive data had...
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